2205 W Olive Ave - Office/Residential FOR SALE


Burbank, CA 91506- Chandler Park
$1,450,000 USD
310-986-7697
2205 W Olive Ave, Burbank, CA for Sale
$1,450,000 USD
Office/Residential - FOR SALE
1/10
null | Request Cap Rate

NEW


2205 W Olive Ave
Burbank, CA 91506
Chandler Park


HIGHLIGHTS

  • Exceptional Owner/User Opportunity | SBA Financing with as Little as 10% Down
  • Seller-Leaseback Executed Upon COE Through YE | Two (2) Commercial Units + One (1) Residential Unit
  • Newly Renovated Vacant Apartment | Immediate Lease-Up Opportunity
  • Diversified Mixed-Use Asset | ±1,100 SF Office, ±597 SF Retail, and ±800 SF Residential
  • Prominent Olive Avenue Corridor | Great Signage/Visibility + Rear Gated Parking
  • Prime Burbank Location | Steps from Disney Studios, Warner Bros., and Providence Medical Center

OVERVIEW

Ethan Donel, Alex Reyhan, and Daniel Hirth are pleased to present 2205 W. Olive Avenue, a ±2,497 SF multi-tenant mixed-use building situated on a ±5,625 SF lot in the heart of Burbank, California. Built in 1937 and strategically positioned along Olive Avenue - one of Burbank’s primary commercial corridors - the property offers excellent accessibility throughout the city and into many surrounding communities. This asset features three distinct components: approximately ±1,100 SF of office space currently owner-occupied by Schneider & Associates Claim Services, which received a silicone roof overlay in 2023; ±597 SF of retail space leased to Crystal Coffee on a month-to-month basis; and a vacant ±800 SF studio apartment at the rear of the property that underwent extensive renovations. The apartment has new kitchen cabinetry with updated countertops and sink, new LVP flooring, new windows and sliding doors, fresh interior paint and carpet, a fully remodeled bathroom, and a newly installed wall-mounted air conditioner and wall furnace. 2205 W. Olive Avenue offers a rare opportunity for an owner-user to acquire a mixed-use asset in one of Los Angeles County’s most supply-constrained submarkets. Qualified buyers may benefit from SBA financing with as little as 10% down and can occupy the entire property or at least 51% of the building while leasing the remaining space for supplemental income. Located in the City of Burbank, businesses also benefit from a pro-business environment with no city income tax and no gross receipts tax.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$581 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,625 SF

ZONING

BUC2YY

APN/PARCEL ID

2444-006-006

ASK ABOUT THIS PROPERTY

Ethan DonelThe Hirth GroupMore Info
310-986-7697

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Ethan DonelThe Hirth GroupMore Info
310-986-7697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.